The US Federal Reserve has raised the rate from 0.25% to 0.5% for the first time since December 2018. Investors decided that this would not have a strong negative impact on the activities of US corporations. The new rate is still well below inflation, which in February was 7.9% y/y. The Producer Price Index (producer prices) grew even more and reached 10% y/y. It should be noted that the crisis in Ukraine may increase the attractiveness of US stocks for investors in comparison with securities of European companies. Last week, the number of recipients of unemployment benefits in the United States (Continuing Jobless Claims) fell to a minimum in the last 52 years and amounted to 1.42 million, which may indicate an increase in business activity in the country.
| Indicator | VALUE | Signal |
|---|
| RSI | | Buy |
| MACD | | Buy |
| MA(200) | | Buy |
| Fractals | | Buy |
| Parabolic SAR | | Buy |
| Bollinger Bands | | Sell |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 4440 |
| Stop loss | Below 4100 |